Taking back control and securing British jobs for British workers, eh?

The problem is the private equity company which owns british Steel, Greybull Capital is not acting in good faith. They are the same sharks which have presided over the collapse of Comet and Monarch airlines by loading the companies up with debt from their parent companies at massive interest charging fat fees to themselves in the for their "consulting" work. No workable plan can be put in place to save the works whilst Greybull are involved.

arty wrote:
It should never have been sold to Tata in the first place. Same with Jaguar.

Its not Tata thats Port Talbot which is ticking along. British Steel is Greybull Capital a U.K based private equity company which specialized in "distressed businesses". They are basically financial vultures which come in and suck the bones of a business until it collapses.

If you check their wikipedia page every business they have bought becomes insolvent within 18 months.

In a bitter twist of irony the EU proposed a directive a few years ago to place higher tariffs on Chinese Steel being dumped on the EU steel market. The legislation had broad approval but was vetoed by David Cameron.

"The total amount of capital invested in the EU27 surged 43 per cent in the three years to the first quarter of 2019, compared with the preceding three years... This is in sharp contrast to the UK, which†has experienced†a 30 per cent drop in investment." https://t.co/6BkHgnnTsM

I went to British steel 10 years ago to supply personal trackers for staff. It was an immense, empty place that clearly wasnít moving with the times.

Brexit has clearly nailed the coffin here, if our government were pro active there be an opportunity here but theyíre clearly the laziest comfortable bastards weíve ever had - and we the people have allowed it

Angela Leadsome still banging on about "managed no deal". The same old shit that ERG zombies keep pedaling despite being told it's completely off the table by the EU.

The current crop of potential PM's means we'll probably crash out and the loony brigade will start spouting the old "The EU wanted to blackmail us and failed, we'll revive the Dunkirk spirit!" bollocks.

Exactly. And 'the best way' means different things to different people, hence we are in this mess. ERG types don't like the deal as its vassalism. Remainers don't like it because they want to remain. EEA types don't like it as they want a closer relationship. And the parliamentary arithmetic still hasn't changed and why we will surely end up with a general election sooner rather than later.